In year one, the GDP deflator is 100 and in year two 110. If nominal G
In year one, the GDP deflator is 100 and in year two 110. If nominal GDP in year two is $300 billion, what is real GDP for year two?
A) $200 billion.
B) $100 billion.
C) $272.73 billion.
D) $220 billion.
ANSWER
C
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